An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. eBook

William Playfair
This eBook from the Gutenberg Project consists of approximately 405 pages of information about An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations..

An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. eBook

William Playfair
This eBook from the Gutenberg Project consists of approximately 405 pages of information about An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations..

To suppose that mankind will ever live entirely at peace is absurd, and is to suppose them to change their nature.  Such a reverie would only suit one of the revolutionists of France; but let us hope that there is still a possibility to lessen the causes of quarrels amongst nations.  The true principles of political economy lead to that, and the object is sufficiently important.

By agriculture and manufactures; that is, by producing such things as are conducive to the happiness of man, the aggregate wealth of mankind can alone be increased.

By commerce, which consists in conveying or selling the produce of industry, the aggregate wealth of mankind is not increased, but its distribution is altered. {219}

—–­ {219} Though the produce of soil is not obtained without industry, yet, to make a distinction that is simple and easily understood and retained, we suppose manufactured produce to go by the name of the produce of industry. -=-

[end of page #289]

As individuals, and sometimes nations, have obtained great wealth, not by producing, but by altering the distribution of wealth produced; that is, by commerce, that seems, to those who aim at wealth, to be the greatest object of ambition.

If every nation in the world were industrious, and contented with consuming the articles it produced, they would all be wealthy and happy without commerce; or, if each nation enjoyed a share of commerce, in proportion to what it produced, there would be no superiority to create envy.

Variety of soil and climate, difference of taste, of manners, and an infinity of other causes, have rendered commerce necessary, though it does not increase the aggregate wealth of mankind:  but nations are in an error when they set a greater value on commerce than on productive industry.

Some nations are situated by nature so as to be commercial, just as others are to raise grapes and fine fruits; therefore, though one nation has more than what appears to be an equal share of commerce, it ought not to be a reason for envy, much less for enmity.

Some nations also find it their interest to attend chiefly to agriculture, others may find it necessary to attend more to manufactures; but that ought to be no cause of enmity or rivalship.

With a view, if possible, to diminish a little the envy and rivalship that still subsists, let us take a view of this business in its present state.

Britain, the wealthiest of nations, at this time, sells little of the produce of her soil, and a great deal of the produce of her industry; but she purchases a great deal of the produce of the soil of other countries, though not much of their industry:  in this there is great mutual conveniency and no rivalship.  In fact, her wealth arises nearly altogether from internal industry, and, by no means from that commerce that is the envy of other nations; for it is clear, that whoever produces a great deal may consume a great deal, without any exchange of commodities, and without commerce.

Copyrights
Project Gutenberg
An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. from Project Gutenberg. Public domain.